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Businesses coping with deployments offered interest-free loans

Small businesses coping with hardship
after an employee is called up for military service could qualify
for interest-free loans from Minnesota government.

The one-time loans range from $5,000 to $20,000. Eligible
businesses must prove economic harm when one of their workers is
activated from a military reservist status.

The loan program is being administered by the Department of
Employment and Economic Affairs. It applies to businesses with 20
or fewer full-time workers or less than $1 million in annual gross
revenue.

The loans last for four-and-a-half years and don't require
payment for the first third of the loan term.